PRILIMINARY OFFIC STATEMENT 11-15-2001 44.

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Project Fund On the Date of Issuance of the Series 2001 Bonds,amounts shall be deposited in the Project Fund and the accounts therein as set forth in Section 4.01 of the Indenture. In addition, the Trustee shall deposit in the Fund (or any account therein) any other amounts which are delivered to the Trustee by or on behalf of the Borrower with instructions to deposit such amounts therein. Amounts on deposit in the Project Fund shall be applied as follows: (a) Costs of Issuance Account. Upon receipt by the Trustee of a written request of the Borrower, amounts in the Costs of Issuance Account shall be withdrawn and paid to the persons designated by the Borrower for payment of Costs of Issuance. Any amounts remaining in the Costs of Issuance Account shall be transferred to the Construction Account. All investment income from amounts in the Costs of Issuance Account shall be upon receipt deposited by the Trustee in the Reserve Fund. (b) Construction Account. Amounts in the Construction Account shall be withdrawn and paid by the Trustee for Project Costs or to reimburse the Borrower for payment of Project Costs in accordance with the terms of the Disbursing Agreement. Amounts in the Construction Account may be withdrawn by the Trustee for the forgoing purposes only in accordance with the terms of the Disbursing Agreement. All investment income on amounts in the Construction Account shall be deposited upon receipt in Construction Account. Notwithstanding the foregoing,upon the occurrence of any Event of Default,whether or not any Bonds are accelerated, the Trustee shall withdraw amounts from any account in the Project Fund selected by the Trustee to the extent necessary to pay principal, interest or redemption price on any Bond which is due and payable and for which other amounts held by the Trustee are not sufficient therefor. Bond Purchase Fund The Indenture creates a Bond Purchase Fund which shall be used to pay the purchase price of the Series 2001A Bonds to be purchased pursuant to a mandatory tender of the Bonds. There shall be paid into the Bond Purchase Fund, as and when received: (i) the proceeds of the remarketing of the Series 2001A Bonds by the Remarketing Agent; and (ii) all other moneys received by the Trustee under and pursuant to any of the provisions of the Indenture or the Loan Agreement or otherwise which are required or accompanied by directions that such moneys are to be credited to the Bond Purchase Fund.